[ilgipper]

Not sure the point here. The first is 100% valid. The second is too. The economy was strong for years until late 2007 despite the media’s alternative view. The fact is part of it’s strength was built on leverage and loans that shouldn’t have been given. This was not a Bush-created system by any stretch. Levin is accurate in both accounts. He didn’t bring up CRA problems or such, but few were at any time before Sept. Most that did were vilified as racist by the Dems/Black Caucus.

from about 03-07 The markets were up, unemployment was very low for a sustained period of time. Gas was high, but due to world wide demand. Sounds spot on to me.

[sickoflibs]

RE “The economy was strong for years until late 2007 despite the media’s alternative view. The fact is part of it’s strength was built on leverage and loans that shouldn’t have been given.”

Part of it was ? Now if only part of it was then how .. Oh never mind

[sickoflibs]

RE “The economy was strong for years until late 2007 despite the media’s alternative view. The fact is part of it’s strength was built on leverage and loans that shouldn’t have been given. “

Sorry, it was a given:

Peter Schiff Was Right 2006 - 2007 (2nd Edition)

compare with your hero